January 22, 2019

ARVAL BNP Paribas Group to remain in Ethos House

ARVAL BNP Paribas Group to remain in Ethos House

ARVAL BNP Paribas Group - a specialist in the field of vehicle leasing - has extended its lease of office space in the Ethos House building in Bucharest. The dynamic growth of the company has resulted not only in extending the period of the lease but also in extending the office space to over 1,650 sqm. The transaction was supported by advisors from the Office Agency in BNP Paribas Real Estate Romania.

ARVAL BNP Paribas Group has moved into the Ethos House 4 years ago. In the recent years, the company has developed significantly, providing complex services in the Car Fleet Management industry. The increase in the number of employees has resulted in a need of additional office space. Due to its great location and high standard of Ethos House, the company saw fit to expand its offices in the same facility.

The negotiations on extending and expanding the lease of the previous office space were supported by experts from the Office Agency of BNP Paribas Real Estate Romania. It is through their knowledge and commitment that the talks have proven successful. The new agreement has been signed for a period of five years. For the purpose of its business activities, ARVAL BNP Paribas Group shall lease a total space of 1657 square meters in the Floreasca office corridor.

"Ethos House is characterized by its advantageous location and high standard of the building that meets the requirements and the expectations of both clients and business partners, as well as the employees of ARVAL BNP Paribas Group. Thanks to the newly-signed agreement, the building shall remain the headquarters of the ARVAL BNP Paribas Group, which will surely translate into work efficiency and further intensive development," said Mihaela Oroian, Senior Consultant, BNP Paribas Real Estate Romania.

Ethos House is one of the most sought-after business locations in Bucharest, located in the close vicinity of the Floreasca lake and surrounded by green areas (such as Park Verdi). The employees may enjoy easy access to public transport - they can easily reach the center as well as the Northern and Southern parts of Bucharest by bus, or metro. The neighborhood also offers many gastronomic choices - a ten-minute walk will take you to the Promenada Mall.

The Arval Company, established in 1989 is fully owned by BNP Paribas and is the European leader in the field of long-term leases and management of company car fleets. Its clients, being both small and medium enterprises as well as international corporations, can enjoy tailor-made solutions for fleet management with the company taking over all the related risks. Arval operates in 25 countries with over 4000 employees.

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